Camber Energy Inc (NYSEAMERICAN:CEI) stock Comes Back Strongly After High Volatility
Social media is now a significant factor when it comes to movements in certain stocks and one of the stocks to have attracted the attention of social media users in recent times is the Camber Energy Inc (NYSEAMERICAN:CEI) stock.
Market Stats
On Monday, CEI stock surged 19.83% at $1.45 with more than 216.97 million shares, compared to its average volume of 215.86 million shares. The stock has moved within a range of $1.3600 – 1.5300 after opening trading at $1.38.
Camber Energy Granted More Time To File Late Financial Reports
On Monday, the stock was on the move once again and ended up with gains of as much as 21% as a consequence. Yesterday, the stock soared after it announced that the New York Stock Exchange had approved its request to extend the deadline for filing its pending financial reports. The deadline has now been extended to December 17, 2021 by the exchange.
It was a significant development for the company and naturally it led to a degree of optimism about the stock among investors. It should be noted that the company had not been compliant with the continued listing standards of the New York Stock Exchange after it had failed to file a number of financial reports on time.
However, Camber Energy had been looking to correct the situation by submitting the documents by November 19, 2021. However, it could not do so due to circumstances that Camber did not reveal. It might be a good idea to keep an eye on the stock at this point.
Traders Corner
CEI stock is trading above the 20-Day and 200-Day Moving averages of $1.30 and $4 respectively. However, the stock is trading below the 200-Day moving average of $44.57. The stock is up 308% in the past 3-month.
